This year’s OECD Ministerial Council Meeting (MCM), chaired by Chile, is devoted to productivity. Ministers will discuss what governments, firms and individuals can do to improve productivity with the aim of fostering inclusive growth.
For Chile, it is a great honour and opportunity to chair the 2016 OECD Ministerial Council Meeting. It is an opportunity to celebrate Chile’s first five years as a member of the OECD and is yet another demonstration of the increasing relevance of emerging and developing economies, which today account for more than half of world GDP.
The world cannot resolve today’s development challenges with purely national approaches. We need to complement them with local approaches, too. We live in an era of enormous transformations, in which our traditional political structures and forms of democratic participation must adapt. That means casting a bigger focus than ever on the important role of local power and communities.
Chile has improved its regulatory policy in recent years, but could see benefits from further measures and a comprehensive effort to improve the way it prepares and issues new laws and regulations, according to a new OECD report.
The Secretary-General presented the OECD Regulatory Review of Chile alongside President Michelle Bachelet and Minister of Economy Luis Felipe Céspedes. He also held bilateral meetings with several Chilean authorities, and presented the OECD Latin America and the Caribbean Programme to Ambassadors at the Economic Commission for Latin America and the Caribbean (ECLAC).
Improving education and skills is the linchpin to reduce income inequality and boost productivity growth. This paper argues that to improve, and make better use of, the skills of the labour force, Chile could gain a lot from a comprehensive and consistent Skills Strategy along three pillars: developing, activating and using skills effectively.
The Chilean economy has had an extraordinary performance over the last decades with strong growth and declining poverty rates. This paper discusses how to achieve greater social inclusiveness against the background of weaker medium-term growth.
English, PDF, 6,480kb
This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.
English, PDF, 350kb
Despite achieving near universal health coverage with a basic benefit package that all health payers must provide, health financing in Chile remains inefficient and inequitable. There is room for improving the system by moving towards a unified, equitable social security system for the entire population.